Now You Can Trade Ethereum, Dash and Ripple on Forex Brokers!Dr Tamer Sameeh Published on May 18, 2017 at 10:01 BST The cryptocurrency economy has grown massively during the past few months.Bitcoin price has almost trippled during the past year.Interestingly enough, some altcoins have witnessed even higher rates of growth than that of bitcoin.Ethereum ETH has recorded an astonishing 1000% gain as it rose from $10 to $100 since the beginning of 2017,while DASH rose from around $12 in January, to $91.5 at the time of writing of this article, recording more than %750 rise in its market capitalization.Even more, Ripple XRP, the biggest gainer among all cryptocurrencies this year, recorded a rise of more than 3600% in its price, as it rose from around 1 cent per coin in January, to 36 cents today.This recent boost in the market capitalization of cryptocurrencies reflects heightened interest of the public in the blockchain technology, and increased trust in this decentralized economical model.

This has urged AvaTrade, a forex and CFD broker, to add DASH, Ethereum and Ripple to the list of tradable currencies on its platform.As such, AvaTrade has become the first broker ever to have DASH, Ethereum and Ripple on its trading portfolio.bitcoin most richestBitcoin and Litecoin were available for trading on AvaTrade for a while now.buy bitcoin in person torontoThe below screenshot shows the various cryptocurrency trading pairs available now on AvaTrade.bitcoin butterfly1 DASH lot has 100 DASH coins; 1 Ethereum lot has 100 ETH coins and 1 Ripple lot has 10,000 XRP coins.bitcoin edisonThere are many forex and CFD brokers that allow traders to use Bitcoin for trading.setup bitcoin mining server

These brokers have been present for years now. is the most prominent of those brokers and it enables traders to speculate over forex pairs, commodities and stock indices.bitcoin what is hashrateBitcoin has been part of the trading portfolio of many top forex and CFD brokers for years now.bitcoin price command lineMore recently, Ethereum was added as a tradable currency on many brokers including eToro and FXOpen.build bitcoin faucetAccordingly, AvaTrade is the first forex and CFD broker to introduce Ripple and DASH to forex and commodity traders.bitcoin forex symbolIndeed, this will help spread the word about cryptocurrency, and particularly Ripple and DASH which represent unique altcoins whose values are yet to be appreciated.

Posted in Altcoin News, Ethereum, Featured News, TradingBitcoin3 Reasons Why Bitcoin Broke $2,000Jeff John RobertsThe digital currency bitcoin is on another remarkable run, soaring nearly 65% in the last month, and smashing the symbolic $2,000 mark for the first time ever this week.Bitcoin has gone on tears in the past, but never quite like this.So what's behind the latest bull run?It's hard to say for sure, since bitcoin is so unpredictable, but here are three factors that are contributing to bitcoin's boom:The $2,000 bitcoin milestone comes amid a larger trend of investors clamoring for crypto-currency of all sorts.While digital money was once seen as the province of cranks and computers geeks, it's now so mainstream that investors see it as a new asset class and are creating hundred million dollar hedge funds to acquire it.Meanwhile, others see digital currencies as an asset like gold, which can hold its value amid times of government instability.Recent political upheaval in Brazil and the United States, which led to drops in the dollar and the real, may have contributed to the recent uptick in bitcoin buying.Finally, bitcoin may be benefiting indirectly from a recent explosion in the value of other digital currencies like Lumens, Ethereum and Litecoin.

While it's possible to buy these currencies with dollars or other traditional currencies, it's often simpler to use bitcoins (which is the easiest digital currency to acquire) to buy them.In other words, more people may be buying bitcoin as a vehicle to invest in more exotic currencies.At the start of April, regulators in Japan introduced new rules that treated bitcoin less like an outlaw currency and more as a part of the banking system.That change led to a burst of trading activity in the country investors rushed to swap yen for bitcoin.The effect on price has been predicable.And in China, where the authorities have long had a love-hate relation with bitcoin, it appears the country is growing more tolerant once again.As CNBC reported, analysts are pointing to a big drop in the difference in bitcoin prices between U.S.This suggests bitcoin-related investments in China are less risky:The discount that $CNY #bitcoin exchanges trade to $USD exchanges has dropped from 20% to 5% in the period of a week.

https://t.co/Pr9QJTLLKP- Chris Burniske (@ARKblockchain) May 20, 2017In other words, a whole lot of Asian investment is causing bitcoin to soar.If you've followed bitcoin for a while, you know the currency is prone to spectacular crashes.The crashes followed flurries of press reports about the value of bitcoin, which created a hype cycle, and in turn drew the attention of mainstream investors who helped inflate the price.It sure feels like we're in the midst of a hype cycle now.Social media is buzzing about the incredible surge in the value of crypto-currency assets.And this year's edition of Consensus, a three-day trade show in New York, promises to be the splashiest yet with big names like IBM and Microsoft appearing alongside a long list of venture capital firms.There a lot of good reasons for the hype—not least because digital currency and blockchain technology (an online ledger system that relies on multiple computers) has gone mainstream—but also reasons for caution.As with past hype cycles, there are far more people cheering for bitcoin than against it.